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Dealing with endogeneity in risk analysis within the stochastic frontier approach in agricultural economics : a scoping review
Russo, Simone; Phali, Lerato; Prosperi, Maurizio - In: Bio-based and applied economics 11 (2022) 4, pp. 339-350
that have included risk and risk management tools within the stochastic frontier analysis in agricultural economics. This … study contributes to investigating the methods used to account for endogeneity by using a risk-accommodating stochastic … few studies have treated endogeneity in farm risk-performance evaluations. According to our findings, it can be concluded …
Persistent link: https://www.econbiz.de/10014287554
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Many Risks, One (Optimal) Portfolio
Homescu, Cristian - 2014
Persistent link: https://www.econbiz.de/10013050012
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Endogenous Uncertainty
Carriero, Andrea - 2018
We show that macroeconomic uncertainty can be considered as exogenous when assessing its effects on the U.S. economy. Instead, financial uncertainty can at least in part arise as an endogenous response to some macroeconomic developments, and overlooking this channel leads to distortions in the...
Persistent link: https://www.econbiz.de/10012923342
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Confidence Theory : Belief Formation in Choice Under Risk
Milovanović, Goran - 2014
formation in choice under risk. Three novel experiments are presented that demonstrate the ability of the new theory to explain … behavioral choice under risk …
Persistent link: https://www.econbiz.de/10013061467
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Tracking global economic uncertainty : implications for the euro area
Bobasu, Alina; Geis, André; Quaglietti, Lucia; Ricci, … - 2021
This paper sheds light on the impact of global macroeconomic uncertainty on the euro area economy. We build on the methodology proposed by Jurado et al. (2015) and estimate global as well as country-specific measures of economic uncertainty for fifteen key euro area trade partners and the euro...
Persistent link: https://www.econbiz.de/10012503567
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Agent-based modeling for decision making in economics under uncertainty
Vermeulen, Ben; Pyka, Andreas - 2016
Ever since the emergence of economics as a distinct scientific discipline, policy makers have turned to economic models to guide policy interventions. If policy makers seek to enhance growth of an open capitalist economy, they have to take into account, firstly, the uncertainties,...
Persistent link: https://www.econbiz.de/10011422415
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Agent-based modeling for decision making in economics under uncertainty
Vermeulen, Ben; Pyka, Andreas - 2015
Ever since the emergence of economics as a distinct scientific discipline, policy makers have turned to economic models to guide policy interventions. If policy makers seek to enhance growth of an open capitalist economy, they have to take into account, firstly, the uncertainties,...
Persistent link: https://www.econbiz.de/10011281255
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Two-Stage Portfolio Optimization with Higher-Order Conditional Measures of Risk
Gulten, Sitki - 2013
investment periods is the conditional risk mapping approach. The idea is to develop a model in which information from the … optimization problem with rebalancing in a more time-efficient way when coherent risk measures are used. Artzner et al. (1999 …) outlined a set of mathematical properties for a risk measure that reflect the interests of risk-averse investors. Furthermore …
Persistent link: https://www.econbiz.de/10013091376
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Efficient Portfolios and Extreme Risks : An Extended Dirichlet Approach
Le Courtois, Olivier - 2020
This paper solves the mean-variance-skewness-kurtosis (MVSK) portfolio optimizationproblem using a new approach based on the Dirichlet distribution. To obtain efficient portfolios,we generalize the Dirichlet distribution using the student copula to produce an increasedproportion of portfolios...
Persistent link: https://www.econbiz.de/10012849455
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Geoengineering and abatement : a "flat" relationship under uncertainty
Emmerling, Johannes; Tavoni, Massimo - 2013
The potential of geoengineering as an alternative or complementary option to mitigation and adaptation has received increased interest in recent years. The scientific assessment of geoengineering is driven to a large extent by assumptions about its effectiveness, costs, and impacts, all of which...
Persistent link: https://www.econbiz.de/10009737193